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Obreras Productivas Group
In this Group: Monica Carmen, Silvia Susana, Roxana Mabel, German Carlos, Nivia Amelia, Lilian Yesenia, Marianela Grancisca, Priscilla Ana Karen, Gema Andrea, Ruth Zordida, Nataly De Lourdes, Evelyn Nallaret, Sandra De Carmen, Barbara Caterine, Graciela Emilia
Germán, who is the only man in the photograph, is a member of the Obreras Productivas communal bank, located in Villarrica. The members of this communal bank are in large part artisans, pastry chefs, and sellers of new and used clothing. Germán is an artisan who makes rope for maceteros (decorative ceramic pots). He started this work as a hobby, since he learned it in school, and five or six years ago he took it on as another job. He has not had big problems with his business, except for the lack of time to be able to cover all the orders he receives for his beautiful crafts. The money he is asking for will be used to buy materials like wire, sisal, and decorations for the cords. What he has liked most about being able to work with Fondo Esperanza the fact that he can participate alongside people who have his same interests.
View original language description ↓
Germán, quien es el único hombre que aparece en la fotografía, es socio del Banco Comunal Obreras Productivas, ubicado en Villarrica; los socios de este Banco Comunal en su generalidad son artesanos, pasteleros y venden ropa nueva y usada. Germán es artesano de cuerdas para macetero, comenzó con este trabajo como un hobby, ya que lo aprendió en el colegio, y hace unos 5 y 6 años lo tomó como un trabajo más. No ha tenido mayores problemas con su negocio, salvo el tiempo, falta de tiempo para poder cubrir todos los pedidos que recibe de su hermosa artesanía. El dinero que está solicitando lo ocupará para poder comprar materiales como alambres, sisal y adornos para los tirantes. Lo que más le ha gustado de poder trabajar junto a Fondo Esperanza es el hecho de poder participar junto a personas que tienen sus mismos intereses.

Additional Information

More information about this loan


This loan targets populations in financially underserved regions of Chile. Thanks to its numerous branches, Fondo Esperanza is present nationwide and offers loans to micro-entrepreneurs in a country known for its limited microfinance industry. This Kiva loan enables entrepreneurs to maintain their current businesses in areas where Fondo Esperanza is the only available and accessible financial institution.

About Fondo Esperanza

Fondo Esperanza (FE) is a private non-profit organization that supports entrepreneurship by providing micro-credit and training to people living in poverty in well over 100 cities throughout Chile. By providing these services, FE aims to improve the living conditions of the entrepreneurs and their families. In 2010, FE provided loans to more than 41,000 entrepreneurs. It utilizes a communal banking model in which groups of 18 to 25 clients meet on regularly and guarantee each other’s loans. The members use their portion of the loan to create or expand their own businesses. In the group meetings, clients receive training though the FE Entrepreneurship School, which enhances clients’ personal and business skills and ability to work in groups.

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.

Tags

About Chile

  • $19,100
    Average annual income
  • 0
    View loans »
    Chile Loans Fundraising
  • $2,637,700
    Funds lent in using Kiva
  • 503.3
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A portion of Obreras Productivas Group's $3,400 loan helped a member to buy materials like sisal, decorations, and wire.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 30, 2013
Listed
Sep 23, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 18, 2014